Autoliv (NYSE:ALV) Posts Quarterly Earnings Results

Autoliv (NYSE:ALV) issued its earnings results on Friday. The auto parts company reported $3.05 EPS for the quarter, beating the consensus estimate of $2.84 by $0.21, Zacks reports. Autoliv had a net margin of 5.98% and a return on equity of 30.85%.

Autoliv Stock Down 4.5 %

Shares of Autoliv stock traded down $4.52 during trading hours on Friday, reaching $96.81. 901,826 shares of the company’s stock were exchanged, compared to its average volume of 671,624. The company has a 50 day moving average of $96.68 and a two-hundred day moving average of $97.14. Autoliv has a fifty-two week low of $89.51 and a fifty-two week high of $129.38. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.69. The stock has a market cap of $7.52 billion, a P/E ratio of 12.62, a P/E/G ratio of 0.75 and a beta of 1.59.

Autoliv Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.89%. This is an increase from Autoliv’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Tuesday, December 3rd. Autoliv’s dividend payout ratio is currently 36.46%.

Analysts Set New Price Targets

Several analysts have commented on ALV shares. Bank of America dropped their target price on shares of Autoliv from $137.00 to $134.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Daiwa Capital Markets upgraded shares of Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 price objective for the company in a research report on Tuesday, January 7th. Daiwa America upgraded shares of Autoliv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Barclays lowered their price objective on shares of Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. Finally, Robert W. Baird upped their price objective on shares of Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $121.62.

Autoliv Company Profile

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, and inflator technologies.